209 Sanford Rd, Wells, ME 04090
- Commercial real estate
- 2,877 SF
- 0.98 lot acres
Current Use by Public Records
- Archie's Off Road & Auto Repair Center / Auto Repair Shop
Property Details for 209 Sanford Rd
- Year built
- 1988
- Lot size
- 0.98 lot acres
- Zone code
- RC
- Property type
- Commercial real estate
- APN
- WLLS M:134 L:26
- APU
- WLLSM134L26
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 22, 2023 | $1,270,000 | New Beginnings Realty LLC | Archie G Stevens | Warranty Deed | $1.4M · Ameris Bank |
| Dec 30, 2013 | — | Archie G Stevens 2nd | — | Deed Of Trust · related | $32k · Peoples Bank |
| Aug 20, 2013 | — | Archie G Stevens 2nd | — | Deed Of Trust · related | $190k · Peoples Bank |
| Jan 22, 2007 | — | Julie Ann Coulton | — | Deed Of Trust · related | $80k · Ocean National Bank |
Description
This exceptional mixed-use property in Wells, Maine, presents a compelling investment opportunity. Located at 209 Sanford Rd, this 7,126 square foot building sits on a 0.975-acre lot, offering high visibility and convenient access to the Maine Turnpike. The property boasts a diverse tenant mix, including three separate tenants across four units. The ground floor comprises retail space and a commercial garage, while the second floor features two three-bedroom apartments. Built in 1988, the two-story building is well-maintained and features public water and sewer, four 100-amp meters, and ample parking for 20 vehicles. The property generates a substantial net operating income (NOI) of $110,000, making it an attractive owner-user or investment opportunity. This multi-tenant property offers a modified lease structure and is currently operating at full occupancy. The asking price is $1,395,000. This is a rare opportunity to acquire a versatile and profitable commercial property in a desirable Maine location.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Wells
- County
- York
- State
- Maine
- Longitude
- -70.5912
- Latitude
- 43.3224
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
